A major function of a bank is lending (creation of credit / granting of loan) with interest. This constitutes the main source of revenue to the bank if the correct policies, procedure and practice are followed. In some jurisdictions, Nigeria inclusive, the policies, procedures and best practice are not followed in lending as a result of dearth of knowledgeable and skilled staff at various levels.
Global Financial Melt-down that almost brought the World Economy to her knees was as a result of granting sub-standard (Sub-prime mortgages), home loans for house buyers in United States which ran into trillions of US dollars.
In Nigeria, before Asset Management Company of Nigeria (AMCON) commenced operations, about Two Trillion Naira was locked in non-performing loans in the Banking System. Majority of the problems arose as a result of knowledge and skill gaps in credit analysis and loan administration.
It is against this backdrop that these four (4) courses on Bank Lending were designed:
- Fundamentals of Bank Credit
- Intermediate Bank Credit
- Advanced Bank Credit
- Loan Administration & Delinquency Management